Oireachtas Joint and Select Committees

Tuesday, 18 June 2019

Committee on Budgetary Oversight

Budgetary and Fiscal Implications of Climate Change: Discussion

Dr. John Curtis:

Perhaps the Department will correct me, but those higher figures mentioned by the Deputy for compliance cost were based on a higher emissions trading system, ETS, price and carbon price in the market. That has not come to pass. We have gotten off lightly on the cost of compliance because the market for complying with this has not been as steep as anticipated. However, we anticipate that it will be higher in future.